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Subjective value of time in bus transit travel

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Abstract

A psychological scaling technique, magnitude estimation, is used to rate time spent on various elements of bus transit trips. Relative values of time are found for in-vehicle portions of trips, walking, waiting and transferring. Because magnitude estimation produces a ratio scale, results can be directly incorporated into modal choice analyses, route planning and evaluation procedures where monetary values of time are not necessarily required.

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Authors and Affiliations

  1. Civil Engineering Department, University of Wisconsin-Milwaukee, P. O. Box 784, WI 53201, Milwaukee, U.S.A.

    Alan J. Horowitz

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  1. Alan J. Horowitz
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Horowitz, A.J. Subjective value of time in bus transit travel. Transportation 10, 149–164 (1981). https://doi.org/10.1007/BF00165263

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  • DOI: https://doi.org/10.1007/BF00165263

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